Don't Miss


All posts by Afolabi Ogunde

  • MasterCard collaborates with local Merchants to support Cashless Nigeria

    MasterCard has made new moves to support the Central Bank of Nigeria’s cashless economy strategy, as well as local merchants. According to Omokehinde Ojomuyide, country manager, West Africa, MasterCard Worldwide, “MasterCard cardholders will quality for a five...

    • Posted October 6, 2012
    • 1
  • Nigeria’s Known Oil Reserves Will dry Up in Four Decades – World Bank

    The World Bank yesterday predicted that Nigeria might not be able to supply oil for more than 41 years. Nigeria presently produces around 2.5 million barrels per day. The Bank envisaged that over $31 billion in Foreign...

    • Posted October 6, 2012
    • 0
  • CBN Calls for the Introduction of uniform account opening forms

    The Central Bank of Nigeria wants to introduce uniform account opening forms for the banking sector in a bid to considerably reduce money laundering and terrorism financing. This decision was revealed yesterday by the apex bank. The Director,...

    • Posted October 6, 2012
    • 0
  • $1.1 billion Malabu Oil Probe stalled by Jonathan’s Cabinet

    The probing of the alleged shady transactions that involved the Federal Government, Shell/Agip and Malabu Oil and Gas Limited on OPL 245 by the House of Representatives is facing serious obstacles. The Ministers for Petroleum Resources and...

    • Posted October 6, 2012
    • 0
  • Nigerian Stock Exchange Watch: ASI Dips Marginally as AIICO Gains 9.68%

    The Nigerian Stock Exchange shed marginally today, dropping 0.02% to bring the year-to-date performance to 27.55%. The All Share Index closed at 26,442.67 and the market capitalization of the entire bourse was N 8.4 trillion. The Consumer...

    • Posted October 5, 2012
    • 0
  • Ministers stall probe of N155bn Malabu oil deal

    The bid by the House of Representatives to probe the controversial sale of an oil block, OPL 245, was stalled on Thursday by key Federal Government officials with information on the deal. The alleged “shady sale” involved...

    • Posted October 5, 2012
    • 0
  • Nigeria Targets More Than $20 Billion Investment Within 3 Years – Olusegun Aganga

    Nigeria, Africa’s biggest oil producer biggest oil producer, wants to attract more than $20 billion in foreign direct investment within three years, Trade and Investment Minister Olusegun Aganga said. The West African nation increased the amount of...

    • Posted October 5, 2012
    • 0
  • Nigerian-Brazil Bilateral Trade hits N1.5trn

    The Nigerian Brazilian Chamber of Commerce and Industry (NBCCI) disclosed that bilateral trading between Nigeria and Brazil reached a total of $9.6 billion (N1.5 trillion) in 2011.   The President of the chamber, Mr. Emmanuel Ibru while...

    • Posted October 5, 2012
    • 0
  • Importers Advocate for Merger of Customs Commands in Apapa

    The Nigerian Importers Advocacy and Support Group (NIASG), a new body has requested for the union of the Lilypond Customs Command into the Apapa Area One Command of the Nigeria Customs Service (NCS). The representatives of NIASG...

    • Posted October 5, 2012
    • 0
  • GTBank is Nigeria’s Biggest Bank by Market Capitalization

    GTBank is currently Nigeria’s biggest bank by market capitalization value. Market Capitalization represents the share price of a company multiplied by its number of outstanding shares. By this metric, GTBank is leading the financial services industry as...

    • Posted October 5, 2012
    • 0